Financial sector news

The Cabinet of Ministers of Ukraine has decided to begin preparations for the sale of state-owned shares in the authorized capital of JSC Sens Bank and JSC Ukrgasbank. The aim of this decision is to gradually reduce the state's share in the banking sector and attract funds from privatization to the state budget.

The sale of shares will be carried out in accordance with the Law of Ukraine “On the Specifics of the Sale of State-Owned Shares in the Authorized Capital of Banks” in three stages:

• preparation of shares for sale;
  
• conducting a tender;
  
• conclusion of purchase and sale agreements.

The government's decision formally launches the process of preparing for the privatization of Sens Bank and Ukrgasbank.

Reducing the state's share in the banking system is one of the eight priority operational goals of the Ministry of Finance within the framework of the Government's Action Program.

On August 14, 2025, the Financial Stability Council considered the possible risks of selling the shares of these banks for the financial system. Following the discussion, it was confirmed that the sale of the state's shares in Sens Bank and Ukrgasbank does not pose a threat to the stability of the banking sector.

By the end of autumn 2025, the Ministry of Finance plans to announce a competition to select an advisor to accompany the process of selling the shares of both banks.